Exoskeleton Robots - Global Market Outlook (2020 -2028)
According to Stratistics MRC, the Global Exoskeleton Robots Market is accounted for $277.26 million in 2020 and is expected to reach $2,665.93 million by 2028 growing at a CAGR of 32.7% during the forecast period. High demand from the healthcare sector and the growing adoption of industrial applications are the major factors propelling market growth. However, stringent healthcare regulations and safety guidelines are hampering market growth.
An exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise and supports finger flexion and extension movements.
Based on the end user, the military segment is estimated to have a lucrative growth due to an increase in the global arms trade, the potent warfare capabilities of several countries have increased invariably.
By geography, the Asia Pacific is going to have lucrative growth during the forecast period due to factors such as rising technological advancements and the growing adoption of human augmentation in industrial and military sectors.
Some of the key players profiled in the Exoskeleton Robots Market include Atoun Inc., Axosuits Srl, Bionik Laboratories Corp., Cyberdyne Inc., US Bionics Inc., Hocoma Ag, Honda Motor Co., Ltd., Japet Medical Devices, Ekso Bionics Holdings Inc., Marsi Bionics, S.L., Myomo Inc., Parker-Hannifin Corp., Rewalk Robotics Ltd., Rex Bionics Ltd., Lockheed Martin Corp., Toyota Motor Corporation, and Panasonic Corporation.
• Full Body
• Lower Extremities
• Upper Extremities
Component Types Covered:
• Exoskeleton Hardware
End Users Covered:
• Personal Use
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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